PT Timah sees recovery in tin exports


PANGKALPINANG: Shipments by Indonesia’s biggest tin exporter are likely to fall about 10% this year due to new rules on domestic trading, the head of state-run PT Timah said, though deliveries are expected to begin returning to normal from next month.

The firm, which has a huge mining concession in the tin-producing region of Bangka-Belitung, slashed shipments from Aug 30 after declaring force majeure because of disruption from the rules aimed at establishing a benchmark price in Indonesia.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Business , indonesia , tin , pt timah

   

Next In Business News

New warehouses poised to propel Tasco
Australian airport project expected to fuel PGF’s earnings
Epicon exits PN17 category
Duopharma’s new RM578mil contracts a positive
IOIProp to gain from higher wages
BHIC bags Navy submarine job from Mindef
CIMB Niaga looks to adopt stricter pricing discipline
Feytech Holdings aims to raise RM114mil from IPO
Bursa on track to hit pre-tax profit target for FY24
Agricore inks underwriting deal with M&A Securities

Others Also Read